Policies Support the Mining Industry’s Transformation: Green Mines Will Pay Taxes at a Reduced Rate of 15%
Release time:
2017-05-19
Source:
The mining sector is delivering a powerful blow to ecological civilization construction. 5 Moon 10 A highly valuable document issued daily. —— The "Implementation Opinions on Accelerating the Construction of Green Mines" (hereinafter referred to as the "Implementation Opinions") have been put into effect. According to the requirements of this document, enterprises that continuously engage in research and development of green mine construction technologies and the commercialization of their achievements within the scope of relevant regulations—and which meet the eligibility criteria for recognition as high-tech enterprises—may, in accordance with the law, enjoy reduced tax rates. 15% The tax rate is used to levy corporate income tax.
In addition, the document encourages social capital to establish various green mining industry funds to provide financial support for green mine projects. The document also proposes promoting qualified green mine enterprises to list on the SME Board, the ChiNext Board, and the Main Board within China, as well as to... “ New Third Board ” And raise funds through listing on regional equity markets.
The reporter learned that, 5 Moon 10 morning of the day 10 The Ministry of Natural Resources convened a symposium to promote the development of green mines. Officials from the Ministry of Finance, the Ministry of Environmental Protection, the General Administration of Quality Supervision, Inspection and Quarantine, the China Banking Regulatory Commission, and the China Securities Regulatory Commission, along with representatives from several large mining enterprises, attended the meeting. Meanwhile, the "Implementation Opinions" have been put into effect. It can be said that strengthening ecological civilization construction in the mining sector and accelerating the transformation of the mining industry toward green development are the fundamental objectives of this document.
The document gets straight to the point, proposing the establishment of a collaborative departmental mechanism and a four-tier joint innovation framework, strengthening policy support, and accelerating the pace of green mine development, with the goal of achieving— 2020 In the year, a new model of mining development that meets the requirements of ecological civilization construction will be established.
Moreover, the document proposes essentially establishing a new pattern for green mine development: all newly built mines will fully meet the requirements for green mine construction, while existing mines will accelerate their transformation and upgrading to gradually meet these requirements. We will set up a thousand model green mines led by technology and driven by innovation, implement a hundred demonstration projects for green exploration, and build... 50 More than one demonstration zone for green mining development will be established, fostering a batch of new models, mechanisms, and systems that are replicable and scalable.
The most valuable content of the document is to intensify policy support and accelerate the pace of construction.
This includes implementing policies to support mineral resources. For mining quotas and mining rights allocations of minerals subject to total-volume control, priority will be given—provided they align with national industrial policies—to green mines and demonstration zones for green mining development. Mining rights that meet the conditions for negotiated transfer may be preferentially transferred on a paid basis via negotiation to green mining enterprises.
Furthermore, we will strengthen support through fiscal and tax policies. Enterprises that continuously engage in research, development, and commercialization of green mining technologies within the scope of the “National Key Areas for High-Tech Support,” and are certified as high-tech enterprises upon meeting the relevant criteria, may, in accordance with the law, enjoy reduced tax rates. 15% The tax rate is used to levy corporate income tax.
The innovative green finance support policies are precisely where the document’s value lies.
The document proposes encouraging banking and financial institutions, on the premise of strengthening environmental, health, safety, and social risk assessments and management for investment projects in the mining sector, to develop green mine-specific credit products tailored to local conditions and to increase financial support for green mine enterprises in areas such as environmental restoration and remediation, prevention and control of heavy-metal pollution, and resource recycling.
Green mining enterprises that have a sound environmental, health, safety, and social risk management system, provide timely information disclosure, maintain good engagement with stakeholders, have purchased environmental pollution liability insurance, and offer competitive, marketable, and profitable products are encouraged to receive active financial services and financing support from financial institutions.
Support government-backed guarantee institutions in exploring the establishment of structured green mining guarantee funds to provide credit enhancement services for green mining enterprises and projects. Encourage social capital to set up various green mining industry funds to provide financial support for green mining projects. Additionally, promote qualified green mining enterprises to list on the SME board, the ChiNext board, and the main board within China, as well as to... “ New Third Board ” And raise funds through listing on regional equity markets.